Alexis Investment Partners LLC trimmed its holdings in The TJX Companies, Inc. (NYSE:TJX – Free Report) by 4.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,666 shares of the apparel and home fashions retailer’s stock after selling 429 shares during the quarter. Alexis Investment Partners LLC’s holdings in TJX Companies were worth $1,069,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the company. Drive Wealth Management LLC increased its stake in TJX Companies by 3.3% in the 2nd quarter. Drive Wealth Management LLC now owns 3,750 shares of the apparel and home fashions retailer’s stock valued at $463,000 after buying an additional 121 shares during the period. Princeton Global Asset Management LLC acquired a new position in TJX Companies in the 2nd quarter valued at $28,000. Schnieders Capital Management LLC acquired a new position in TJX Companies in the 2nd quarter valued at $244,000. Accretive Wealth Partners LLC increased its stake in TJX Companies by 1.0% in the 2nd quarter. Accretive Wealth Partners LLC now owns 12,669 shares of the apparel and home fashions retailer’s stock valued at $1,565,000 after buying an additional 121 shares during the period. Finally, Swan Global Investments LLC acquired a new position in TJX Companies in the 2nd quarter valued at $220,000. 91.09% of the stock is owned by institutional investors and hedge funds.
TJX Companies Price Performance
TJX Companies stock opened at $143.95 on Monday. The TJX Companies, Inc. has a 52 week low of $111.73 and a 52 week high of $146.46. The company has a quick ratio of 0.52, a current ratio of 1.17 and a debt-to-equity ratio of 0.32. The firm’s 50-day simple moving average is $139.33 and its 200 day simple moving average is $130.96. The firm has a market capitalization of $160.21 billion, a PE ratio of 32.79, a P/E/G ratio of 3.19 and a beta of 0.92.
TJX Companies Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Thursday, November 13th will be issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Thursday, November 13th. TJX Companies’s dividend payout ratio is 38.72%.
Wall Street Analysts Forecast Growth
TJX has been the topic of several recent research reports. Macquarie reissued a “buy” rating on shares of TJX Companies in a research note on Monday, August 11th. Bank of America boosted their target price on shares of TJX Companies from $145.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, August 21st. Telsey Advisory Group restated an “outperform” rating and set a $155.00 target price (up from $150.00) on shares of TJX Companies in a research report on Wednesday, August 20th. Citigroup boosted their target price on shares of TJX Companies from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, August 21st. Finally, Wells Fargo & Company boosted their target price on shares of TJX Companies from $120.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, TJX Companies presently has an average rating of “Buy” and a consensus price target of $148.50.
TJX Companies Profile
The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, and gourmet food departments; jewelry and accessories; and other merchandise.
Featured Articles
- Five stocks we like better than TJX Companies
- Best Stocks Under $10.00
- JPMorgan Crushes Q3; But Is the Steady Eddy Stock Hitting A Wall?
- The Role Economic Reports Play in a Successful Investment Strategy
- Snap-on Incorporated: Snap It Up Quick, New Highs Will Come Soon
- How to Choose Top Rated Stocks
- As Global Renewables Surpass Coal, This ETF Offers Smart Exposure
Want to see what other hedge funds are holding TJX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The TJX Companies, Inc. (NYSE:TJX – Free Report).
Receive News & Ratings for TJX Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TJX Companies and related companies with MarketBeat.com's FREE daily email newsletter.
